The housing market in Honolulu, HI is significantly above the US median value of $338,100, with an average of $778,600. Although the US house appreciation rate has been 8.27% over the past year, Honolulu's appreciation rate has only been 2.39%, indicating a slower pace of growth for the city's housing market. Despite this, Honolulu remains one of the most desirable places to live in America due to its beautiful climate and stunning ocean views, making it an attractive option for potential homeowners.
The median home cost in Urban Honolulu is $778,600. Home appreciation the last 10 years has been 71.7%. Home Appreciation in Urban Honolulu is up 19.0%.
Average Age of Homes
- The median age of Urban Honolulu real estate is 46 years old
The Rental Market in Urban Honolulu
- Renters make up 50.3% of the Urban Honolulu population
- 3.1% of houses and apartments in Urban Honolulu, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.